Common use of Carryover Reserve Fund Clause in Contracts

Carryover Reserve Fund. The Carryover Reserve Fund shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trustee held pursuant to this Agreement. The Carryover Reserve Fund shall not be an asset of any REMIC established by this Agreement.

Appears in 6 contracts

Samples: Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2006-Ar21), Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2006-Ar39), Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2007-Ar5)

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Carryover Reserve Fund. The Each Carryover Reserve Fund shall be an Eligible Account, and funds on deposit therein in each account shall be held separate and apart from, and shall not be commingled with, any other moneys, including, including without limitation, other moneys of held by the Trustee held pursuant to this Agreement. The Carryover Reserve Fund shall not be an asset of any REMIC established by this Agreement.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Indymac MBS Inc)

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